The high interest margin was largely because of the retail nature of our business. But we also wanted to increase the fee-based income of the bank. |
The idea is to target the hard-core middle class customer. Wealth management is a serious opportunity for us, as Indians become financially more mature. |
The merger with Bank of Punjab has brought new business lines, especially in its SME (small and medium enterprises) portfolio, and increased our low-cost retail deposit base. |
We are looking at ways of scaling up the SME business, either through partnerships or otherwise. |